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As the new academic year approaches, students and educational institutions alike must navigate the complex waters of FAFSA verification. The U.S. Department of Education recently published crucial updates for the 2025-2026 award year that warrant close attention.
Top 6 Takeaways from Recent Financial Aid Regulation Announcements.
The new requirements will change financial aid compliance operations and create additional paperwork, but ECM stands ready to recommend the best practices for institutions to help financial aid directors meet student needs and regulatory requirements.
We offer a variety of solutions from consulting to full service processing to meet the needs of any type of institution to ensure compliance requirements are met and assist schools with navigating the workflow of HCM2 processing and submissions.
In 2023, FA Solutions and Education Compliance Management (ECM) embarked on a mission to empower financial aid directors with invaluable insights into the evolving landscape of FAFSA Simplification. Through a series of thought-provoking webinars, these sessions went beyond expertise, providing a profound understanding for institutions navigating the intricacies of financial aid.
Student financial aid is no one’s idea of a picnic. Even the most devoted employees of a school’s aid office sometimes get burned out, and no wonder. The total loan volume for Federal Direct Subsidized Loans during the 2020-2021 year was $16.5 billion. It was $45.5 billion for Federal Direct Unsubsidized Loans, $1.1 billion for
Colleges and universities are responsible not only for educating students but also for keeping them safe. As part of this effort, the Clery Act has policies, which Educational Compliance Management Inc. also recommends, that require schools to inform students, parents, and employees about crimes committed on and around college campuses. Previously known as the Campus Security Act,
Students who have inadvertently received loans in excess of limits may have lost their Title IV loan eligibility, but it is possible to get the loans reaffirmed. There is a process for doing so by having the student repay the excess loan funds or agreeing to repay under the terms of the current Master Promissory
The New Year is just around the corner and as we prepare for new opportunities, we would like to recap the past year in financial aid. In 2022, we have worked diligently to be the greatest support to the ECM Family of Schools and assist them in achieving their Financial Aid goals. Our leaders share
Millions of university students rely on financial aid in order to earn a degree, and it's not hard to see why. The cost of tuition/fees at public four-year educational institutions has risen by 10% since 2010; for private non-profit educational institutions, these costs have risen by a whopping 19%. Improving compliance in your financial aid
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